DK Arena, Inc. v. EB Acquisitions I, LLC

After DK (plaintiff) and EB (defendant) signed a written extension of their real estate due-diligence period to October 4, the parties met that day to discuss a possible joint venture, with EB later claiming they verbally agreed to extend the due-diligence period indefinitely and DK's King denying any such agreement beyond a further one-week extension; when a week passed without EB canceling the sale or releasing its $1 million deposit, DK sued for breach, and the trial court found the parties had verbally agreed to an indefinite extension and that promissory estoppel excused the lack of a writing despite the statute of frauds.